Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Regulator may, on behalf of the Commonwealth, issue units (to be known as safeguard mechanism credit units ) to one or more persons in relation to a facility .
Note: Safeguard mechanism credit units may be issued under this section to the Commonwealth in relation to a facility.
(2) The safeguard rules may make provision for, or in relation to, the issuing of safeguard mechanism credit units by the Regulator.
(3) Without limiting subsection (2), the safeguard rules may make provision in relation to one or more of the following:
(a) applying for safeguard mechanism credit units to be issued;
(b) the number of such units that may be issued to a person in relation to a facility;
(c) how the Regulator is to determine the number of such units to be issued to a person in relation to a facility;
(d) any conditions that may be imposed by the Regulator on a person issued with such units;
(e) the review or reconsideration of any decision under the safeguard rules relating to the issuing of such units.
(4) Without limiting paragraph (3)(c), the safeguard rules may provide for the following in relation to a determination by the Regulator mentioned in that paragraph:
(a) the methodology to be used by the Regulator in making a determination;
(b) how a person may apply for a determination;
(c) requiring an application for a determination to be accompanied by an audit report that is:
(i) prescribed by the safeguard rules; and
(ii) prepared by a registered greenhouse and energy auditor who
has been appointed as an audit team leader for that purpose.